The principal owner and chairman of Ránarborg
ehf. is Þorsteinn Vilhelmsson. This transaction was based upon a takeover
offer from Atorka Group hf to all shareholders in Jardboranir hf, according
to an Offer Summary dated 9 December, 2005. Shareholders who accept the Offer
will be paid for by shares in Atorka Group hf. The exchange of share certificates will
take place in the period 17 - 23 January, 2006.